On Friday, Thompson Creek Metals Company Inc (USA) (NYSE:TC)’s shares declined -1.64% to $1.20.
Thompson Creek Metals Company Inc (USA) (TC) declared the appointment of Kevin Drover to its Board of Directors, which was effective May 7, 2015.
Mr. Drover has over 40 years of experience in administration, operations, and project development with mining companies developing and producing mining operations located in Canada, the U.S., Latin America, and in other foreign jurisdictions. Mr. Drover has served as the President and Chief Executive Officer and a director of Aurcana Corporation (AUN.V), a Canadian silver mining company, since July 2014. He also presently serves on the board of directors of Benz Mining Corp. (BZ.V), a Canadian junior mining company. From November 2013 to March 2015, Mr. Drover served as Chief Executive Officer and a director of Oracle Mining Corp. (OMN.TO) (formerly, Gold Hawk Resources Inc.), a Canadian-based mining company that owns the Oracle Ridge copper mine in Arizona and formerly owned the Coricancha Mine in central Peru until it sold the asset to Nyrstar in 2009. From June 2006 to June 2011, he served as Chief Operating Officer and then Chief Executive Officer of Oracle Mining Corp. Formerly, Mr. Drover served as Chief Operating Officer of Glencairn Gold Corporation, where he was responsible for two gold mining operations in Latin America, and as Vice President of Operations at Kinross Gold Corporation (NYSE: KGC; TSX: K), where he was responsible for six operating mines worldwide.
Thompson Creek Metals Company Inc. engages in mining, milling, processing, and marketing of copper, gold and molybdenum products in the United States and Canada. It operates in three segments: Copper-Gold, US Operations Molybdenum, and Canadian Operations Molybdenum.
FuelCell Energy Inc (NASDAQ:FCEL)’s shares dropped -1.22% to $1.21.
FuelCell Energy Inc (FCEL) declared a projected 63.3 megawatt fuel cell park in Beacon Falls, Connecticut. The project, known as the Beacon Falls Energy Park, will be the world’s largest, if built as designed. The project was recently presented to Beacon Falls officials during a special meeting by O&G Industries and CT Energy & Technology. Under a letter of intent, FuelCell Energy has been identified as the fuel cell supplier, and if the park becomes operational, is predictable to be retained to operate and maintain the plants under a long term service agreement. O&G Industries owns the property.
CT Energy & Technology is developing and will own the project. The electric grid interconnection study is in process with ISO New England and site engineering is in advanced stages. Next steps are to finalize the off-taker of the power and prepare contracts.
FuelCell Energy, Inc., together its auxiliaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company is also involved in the development, design, production, and sale of fuel cell products under the Direct FuelCell name. Its power plants electrochemically produce electricity and heat using various fuels, counting natural gas, methanol, diesel, biogas, coal gas, coal mine methane, and propane.
At the end of Friday’s trade, Golden Star Resources Ltd. (USA) (NYSEMKT:GSS)‘s shares surged 14.21% to $0.258.
Golden Star Resources Ltd. (USA) (GSS) declared that it has filed a technical report, prepared in accordance with National Instrument 43-101 regarding a Feasibility Study on the development of an underground mining operation at its presently operating Wassa open pit mine in Ghana.
Golden Star declared the findings of this Feasibility Study on March 26, 2015, the highlights of which are as follows:
- Internal rate of return of 83% estimated for the Wassa Mine at $1,200 per ounce gold price
- Net present value, assuming a 5% discount rate , of $176 million estimated for Wassa Mine, at $1,200 per ounce gold price
- Pre-production incremental capital expenditure for Wassa Underground estimated at $39 million
- First production from Wassa Underground predictable early 2016 and estimated to continue into 2024
- LOM cash operating cost of $780 per ounce and all-in sustaining costs of $938 per ounce estimated for combined Wassa operation
Golden Star Resources Ltd. operates as a gold mining and exploration company. The company owns and operates the Wassa open-pit gold mine, the Wassa underground development project, and a carbon-in-leach processing plant located about 35 kilometers from the town of Bogoso in Ghana; and Bogoso gold mining and processing operation located near the town of Bogoso in Ghana.
Braskem SA (ADR) (NYSE:BAK), ended its Friday’s trading session with 12.19% gain, and closed at $10.03.
Braskem SA (ADR) (BAK) declares its results for 1Q15.
HIGHLIGHTS:
- The average cracker utilization rate stood at 89%, increasing 3 p.p. from 4Q14.
- In 1Q15, Brazilian demand for thermoplastic resins (PE, PP and PVC) was 1.4 million tons, increasing 6% and 9% from 1Q14 and 4Q14, respectively. This performance is mainly explained by the restocking trend in the converters chain. Braskem’s sales followed the market trend and amounted to 954 kton, an enhance of 6% and 12% on 1Q14 and 4Q14, respectively.
- Braskem’s leverage in U.S. dollar stood at 2.55 xs, down 1% from the previous quarter. In Brazilian real, the leverage ratio stood at 3.30 xs, up 13%, reflecting the Brazilian real’s depreciation.
- In 1Q15, Braskem recorded net income of R$204 million.
- S&P maintained Braskem’s rating to “BBB-” with a “Stable” outlook.
- The Mexico project’s construction reached 92% completion and all engineering and procurement activities were finalized. In parallel, the complex’s pre-commissioning activities begun and are progressing on plan.
Braskem S.A., together with its auxiliaries, produces and sells thermoplastic resins. Its Basic Petrochemicals segment offers olefins, such as ethylene, polymer and chemical grade propylene, butadiene, isoprene, and butene-1; BTX products comprising benzene, toluene, ortho-xylene, para-xylene, and mixed xylenes; fuels, counting automotive gasoline and liquefied petroleum gas; intermediates, such as cumene; and other basic petrochemicals, which comprise ethyl tertiary butyl ether, solvent C9, and pyrolysis C9.
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